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AMP raises $342m for global debt fund

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Australian infrastructure investment manager AMP Capital Investors has raised €241 million ($342.8 million) for an infra debt fund, which has made its first investment in a British company that leases passenger trains and freight locomotives. China Life Insurance, the world’s largest listed life insurance company, was a cornerstone investor in the fund.

According to the firm, the AMP Capital Infrastructure Debt Fund raised its capital from 12 institutional investors in Asia, Europe, North America and Australia. Of this, AMP Capital's Global Head of Infrastructure Debt Andrew Jones publicly said that fundraising had exceeded expectations, adding that, "In particular, interest from investors in Japan has been so strong we now offer a Japanese Yen feeder fund to go along with the US Dollar feeder funds."

The fund aims to invest in the subordinated debt of 10 to 15 companies in first-world markets globally. It will maintain a focus on targets related to water, gas, electricity, transport and hospitals. With this, the fund has invested in the UK-based train and freight leaser, offering the company a £40 million ($65.1 million) high-yielding loan.

The news comes months after the AMP Capital Asian Giants Infrastructure Fund (AGIF), took a 19.11% stake in China's Qujing Gas, marking AMP's first acquisition in China.

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